Walmart, Ribbit Capital to roll out fintech startup
January 12, 2021
Walmart is partnering with VC firm Ribbit Capital to launch a yet-to-be-named startup that will offer financial services to the retailer's customers and employees. Ribbit has backed leading fintech providers including Robinhood, Credit Karma and Affirm. Walmart will take a majority stake in the new company and Walmart CEO John Furner will serve on its board.